LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 16, 2001 TO: Honorable Royce West, Chair, Senate Committee on Jurisprudence FROM: John Keel, Director, Legislative Budget Board IN RE: SB1640 by Bernsen (Relating to a provision for the payment or transfer of a person's interest in a mutual fund account on the person's death.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The bill would provide that the payment or transfer of a person's interest in a mutual fund account on the person's death is deemed to be nontestamentary. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, TB, SS